General Abdul Raziq says currency ban is in retaliation against Pakistan’s alleged protection of Taliban
Common Abdul Raziq (L), Kandahar provincial chief of police, shakes arms with Afghan Uniform Police instructors on the Kandahar Regional Coaching Middle in southern Afghanistan, Jun. 7, 2012. PHOTO: WIKIMEDIA COMMONS
The police chief of Kandahar in Afghanistan, Basic Abdul Raziq, has banned using Pakistani foreign money in the important thing southern province.
The senior Afghan police officer, who’s considered one of many nation’s strongest males, has declared using Pakistani Rupees (PKR) in enterprise transactions a criminal offense. The overall, nevertheless, has not selected the punishment.
In line with the Related Press, PKR has been extensively utilized in Afghanistan’s japanese and southern provinces bordering Pakistan whereas the Iranian foreign money is used within the western border provinces.
“I’m not towards enterprise, however I don’t need some other foreign money for use in our nation, particularly the Pakistan and Iranian currencies,” Raziq informed AP on Sunday.
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Though Raziq’s ban got here into impact final week, merchants stated it had an instantaneous impact, with the Afghan Afghani (AFN) strengthening in current days.
“That is excellent news, as individuals have been confused about what foreign money they need to use and maintain,” stated Kandahar tribal elder and businessman, Ahmad Shah Khan.
He stated the AFN had strengthened to 560 for 1,000 PKR, from 630 per 1,000 earlier than the ban. The official Central Financial institution trade fee Sunday was 622 per 1,000.
The AFN has additionally strengthened towards the greenback, from sixty eight to sixty five because the ban was launched, merchants stated. The official fee is presently sixty seven.5 AFN to the greenback.
Head of worldwide relations committee of Afghan Chamber of Commerce, Azrakhsh Hafizi, welcomed Raziq’s determination and urged officers nationwide to undertake the ban of foreign currency.
Using the US greenback in transactions elsewhere within the nation, together with the capital Kabul, also needs to be banned, he stated.
“The central financial institution virtually each week buys Afghanis out there in an effort to keep the steadiness of the Afghan foreign money but when we used solely the Afghan foreign money everywhere in the nation there can be no want,” he stated.
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Raziq stated the foreign money ban is in retaliation towards Pakistan’s alleged safety of the Taliban.
“Pakistan shouldn’t be solely utilizing bombs towards us, they use each different tactic they will to destroy us — and that features our businessman,” he stated.
There are indicators that Afghanistan is beginning to look elsewhere for imported merchandise as a approach of pressuring Pakistani authorities into complying with Afghan calls for that they pressure the Taliban into talks to finish the struggle.
Wheat imports — which totalled 2.four million tons final yr, in line with the US Division of Agriculture — have historically come from Pakistan. However a rise within the customs obligation charged by Afghan authorities has minimize imports from Pakistan, with the enterprise now going to Central Asian states.
Hafizi stated the worth of imports from Pakistan had fallen by $seven hundred million because the begin of the present monetary yr in January.
Afghanistan is within the depths of an financial disaster, with gross home product progress near zero and the federal government’s plans for enhancing progress and creating jobs stalled by its incapability to enhance the safety state of affairs.
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